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Optical Communications Firm Xtera Announces IPO

Photonics.comNov 2015
ALLEN, Texas, Nov. 13, 2015 — Xtera Communications Inc. has announced its initial public offering of 5 million shares of its common stock at a price to the public of $5 per share.

The shares will trade on the NASDAQ Global Market under the symbol XCOM. Needham & Company LLC, Cowen and Company LLC and BMO Capital Markets Corp. are acting as joint book-running managers for the offering.

Xtera specializes in network infrastructure and provides high-capacity optical transport technology to telecommunications service providers, content service providers, data center operators, enterprises and government entities to support deployments of terrestrial and submarine optical cable networks. The company's optical amplification and other technologies are deployed in more than 60 countries across five continents.